Press Dossier   By Date  27/12/2021
UAE's MoHRE eases procedures for 3 domestic worker services
The UAE Ministry of Human Resources and Emiratisation (MoHRE) on Sunday announced shorter processes for three services related to domestic workers.
Saudi stock market close to hit its biggest annual leap since 2010: Opening bell
As of early trading, 10:16 a.m. Saudi time, Saudi bourse’s main stock index, TASI, started the session 0.21 percent higher at 11,295 points on its road to recording the biggest annual leap since 2010, having secured a 30 percent increase year-to-date.
MIS, Al-Rajhi Capital to launch $266m Shariah-compliant investment fund
Saudi-based Al-Moammar Information Systems Co., and Al Rajhi Capital on Sunday launched signed a memorandum of understanding to launch a Shariah-compliant investment fund worth SR1 billion ($266 million), according to a bourse filing.
Saudi real estate market falls by 9.1% in 4Q 2021, reports Al-Eqtisadiah
Saudi Arabia’s real estate market slid in late December by 9.1 percent, as the value of deals finalized at a weekly rate of less than SR4.1 billion ($1.09 billion), reported Al-Eqtisadiah.
Saudi Arabia spends $9bn in four years to support housing program
Saudi Arabia’s Real Estate Development Fund (REDF) has provided over SR33.3 billion ($9.1 billion) in support to the Sakani Program since its inception, helping more Saudis to own homes, CEO of REDF, Mansour Madi stated on Sunday.
Kuwaiti fund grants $2 million to displaced people in Yemen
Kuwait Fund for Arab Economic Development (KFAED) and the United Nations High Commissioner for Refugees (UNHCR) signed a grant agreement valued at KD 605,000 ($2 million) in Kuwait yesterday.
Anti-COVID measures, return to normal life highlight Kuwait Cabinet’s decisions in 2021
The following is a report on major events related to the Cabinet throughout 2021
UAE-India flights: Expats cancel travel plans as some states issue Covid-19 quarantine rules
Indian expatriates in the UAE are considering putting their vacation plans on hold as various states across India are introducing mandatory quarantine regulations.
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